Daily Spot…

A daily summary of high-profile members of several complexes… View a more detailed discussion of each chart at the end of today’s Market Wrap.

Eurodollar Dec Contract (EC, ETF: (FXE, UUP))
Gapping up Monday didn’t extend intraday, as the decline’s 1.0865 target remains outstanding just under Friday’s low.

Gold Dec Contract (GC, ETF: (GLD))
Initially recovering from an overnight dip under 1266.00, Monday eventually dipped back down to the overnight lows, suggesting the bounce is stopping short of its potential to 1283.50 and resuming an attack on the lows.

Silver Dec Contract (SI, ETF: (SLV))
Monday’s gap up above prior highs also tested 17.80 resistance that had yet to be touched. Holding it keeps alive potential to attack recent lows before a credible rally leg can begin.

30-year Treasury Dec Contract (US, ETF: (TLT))
Firming slightly overnight to 165-10 was reversed into negative territory Monday, testing the 164-08 level that keeps alive the bottoming pattern, let alone bounce potential to 165-30 and 166-19.

Crude Oil Dec Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Probing fresh relative lows Monday under 50.00 still didn’t immediately attract sponsorship to extend at least a corrective leg. But a downleg remains likely so long as 50.80 is not recovered.

Natural Gas Nov Contract (NG, ETF: (UNG, UNL))
Friday’s break under the 3.14 pullback limit resolved in another gap down Monday that extended to new lows for the month under 2.86. Friday’s break from a two-day range suggests that Monday confirmed it, now requiring at least a third eventual lower close. The two-day range wasn’t optimal, so a new low close might be avoided — but I would still hesitate buying weakness.